101 Admirals Lane, Key West, FL 33040 (MLS# 612065)

101 Admirals Lane, Key West, FL 33040

$6,300,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,173 Lot Size (sq. ft.): 14,183 Status: Closed

Current Price: $6,300,000 List Date: 11/01/2024 Last Modified: 10/10/2025

Description

The Royal Compound is currently generating $500,000 a year from first-class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4 bathrooms: 3 bedrooms and 2 bathrooms in the main house and two 1 bedroom, 1 bathroom private cottages. This expansive property includes a covered seating and dining area under the gazebo, which overlooks the resort-style heated pool and outdoor kitchen. The value of this home is not only its privacy with exotic landscaping, but its ability to generate income when you are away. Schedule your private showing of The Royal Compound to appreciate the uniqueness of this one-of-a-kind property!

More Information MLS# 612065

Contract Information

Listing Board: Key West Association Bank Owned: No Current Price: $6,300,000 Listing Date: 2024-11-01 Sold Price: $6,300,000

Location, Tax & Legal

KW Neighborhood: Truman Annex City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: Median Flood Zone: AE Alternate Key #: 8772858 Parcel #: 00004590-001001 Zoning: HPRD - Hist Planned Redevelopment & Dev Dist Deed Restrictions: Unknown Legal: KW PT SQR 27 (A/K/A LOTS 113 & 114) .3256 AC OR1005-78/128 OR1005-190/01 OR1125-218/20R/S OR1246-241/57WILL OR1132-66/68 Taxes: 48046.46 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 101 Street Name: Admirals Street Suffix: Lane Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Old Town - Unrecord (1.0) Area: 01 - Key West

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot SqFt: 14183 Pool: Yes Total Units: 0 Acres: 0.33 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Style: Single Family Year Built: 1994 Living Apx SqFt: 3173 Total Bedrooms: 5 Full Baths: 4 Total Baths: 4

Remarks & Misc

Remarks – Consumer: The Royal Compound is currently generating $500,000 a year from first-class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4 bathrooms: 3 bedrooms and 2 bathrooms in the main house and two 1 bedroom, 1 bathroom private cottages. This expansive property includes a covered seating and dining area under the gazebo, which overlooks the resort-style heated pool and outdoor kitchen. The value of this home is not only its privacy with exotic landscaping, but its ability to generate income when you are away. Schedule your private showing of The Royal Compound to appreciate the uniqueness of this one-of-a-kind property! Directions: Enter Truman Annex on Southard St., first stop sign make right on Emma St., continue straight. Third stop sign make right on Admirals Ln. It is the first house on the right.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: Yes Association Fee $: 1324 Assoc/Mnt Fee Per: Quarterly

License Info

Transient Rntl Licns: Yes

Fee Includes

Common Area Mnt: 1 Security: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Ice Machine: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1 Other: full house generator

Cooling

Ceiling Fans(s): 1 Central Air: 1 Ductless: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1 Wood: 1

Interior Features

Cathedral Ceilings: 1 Fireplace(s): 1 Granite Counter Top: 1 Security System: 1 Smoke Alarms: 1 Split Bedroom: 1 Window Treatments: 1

Building Style

Above Flood: Yes Ground Level: 1

Windows/Doors

Double Hung Windows: 1 French Doors: 1 Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Car(s): 4+ Carport: 1 Covered Parking: 1 Off Street Parking: 1

Security

Manned Gate: 1 Patrolled Area: 1

Construction

Frame: 1

Land Size

1/4 - 1/2 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1

Utilities

Cable Available: 1 FKAA: 1 Municipal Sewer: 1 Propane: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1 Screened Patio: 1

Title

Negotiable: 1

Exterior Features

Bar: 1 Fencing: 1 Gazebo: 1 Hot Tub: 1 Lighting: 1 Outdoor Kitchen: 1 Outdoor Shower: 1 Shed: 1 Sprinkler System: 1 Storage: 1

Pool Info

In Ground: 1 Other: depth 5' Heated: Yes Concrete: 1 Dimensions: 20' x 25' & 19-1/2 Decked: 1

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No

Shutters

Panel: 1

Status Change Info

Sold Date: 2025-10-10 Sold Price: $6,300,000 Status: Closed

Property Features

Fee Includes: Common Area Mnt; Security Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Building Style: Ground Level Vehicle Storage: Carport; Covered Parking; Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air; Ductless Utilities: Cable Available; FKAA; Municipal Sewer; Propane Interior Features: Cathedral Ceilings; Fireplace(s); Granite Counter Top; Security System; Smoke Alarms; Split Bedroom; Window Treatments Pre-Wired: Cable Appliances: Dishwasher; Dryer; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Bar; Fencing; Gazebo; Hot Tub; Lighting; Outdoor Kitchen; Outdoor Shower; Shed; Sprinkler System; Storage Pool Info: In Ground; Concrete; Decked Construction: Frame Shutters: Panel Floor: Tile; Wood Roof: Metal Roof Security: Manned Gate; Patrolled Area Land Size: 1/4 - 1/2 Acre Terms: Cash; Conventional Title: Negotiable

Listing Office: Last Key Realty, Inc (KW)

Last Updated: October - 10 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.